My idea about this 500 pip channnel

As you see ma 10 acts like dynamic support here and it want to do a confirmation with price
I can see XBTUSD.P will touch several times 9500~9600 area for a while
My side is long because as you see RSI and MACD are fully in uptrend and also we have crossover of 50, 200 ma ahead
The other way of up trend is the red line channel, price respecting the up and down line of this channel and the end of channel shows the 10500 area
But its gonna take a while to see such prices.
So in my idea if you are not in a trade now
Wait for a confirmation above 9650
If you saw a confirmation below the 9500 it will go down to 9100 as first target
Im in long and my target is 10k ...
It went there for once
But it can fall too, so Im telling this again
If you are not in a trade, wait for a confirmation ...

Comment:

Looks like we are still in the channel, we have a little ascending triangle here and also we saw the support of ma, and the new high low.
So I have some Ideas:
1: after failing in break the first support which is 9200, it means btc doesn't want to fall more than 9200 for now ... but if you see 4h chart

As it say btc has a touch on ma 50
My point is, if we lost this support it shows a potential to touch ma 200(Target is around 8000)
2: after rejecting by breaking 9200 and backing to the channel, it might to a check for breaking 9950 resistance
3: if btc shows a good respect to triangle it will go up to check 10k
I dont have a side for now,
I'll choose my side when I see a confirmation above 9650 (which means I do long to 10k) or below 9550(which means I do short to 9100 for first)

But personally I see more chance for long ... we have triangle and also we have potential in rsi and also golden cross in macd in our way ...
Trade safe.

Comment:

Looks like we have rsi divergence here
Rsi needs to reset
It will check to break 9200 again
I do short below 9600 to 9100

Comment:

Rsi divergence
Failing to breaking last top
Macd is close to dead cross
Ma 50 act like dynamic resistance
First target is 9100 ...